{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Amundi MSCI Smart Cities UCITS ETF ACC is classified as non-complex. It is a UCITS ETF, which establishes a baseline presumption of being non-complex. The ETF uses direct replication to track the MSCI ACWI IMI Smart Cities Filtered Index, holding underlying securities rather than derivatives for replication. The Key Investor Information Document (KIID) indicates that derivatives may be used for efficient portfolio management (dealing with inflows/outflows) or if they allow for better exposition to an index constituent, but these are not described as integral to the investment objective. Securities lending may also be used to generate additional income. The index itself is described as filtering companies based on smart city solutions and excluding ESG laggards, which, while having ESG characteristics, does not inherently make the index or ETF complex from a structural or payoff perspective. The risk and reward profile indicates market risk, but no specific complex derivative structures are mentioned. The ETF's objective, replication method, and stated risk management practices align with a non-complex classification under MiFID II. There is no mention of leverage, embedded derivatives, or complex underlying instruments that would typically trigger a complex classification. The ETF tracks a clearly defined index and its structure is transparent through physical replication."
    }
}